The Jail Break System

See you guys around.

Good night everyone.

well done Ron you are an inspiration good night mate

Good night Trader Ron.

I had one of my best trading days in 3 months.

I made 5 trades.

One over my limit, ha ha hard to say no.

Hi PokerChip well done to you as well you guys are totally inspiring me keep it up and thank you

Thank you digitol for your kind words.

Happy for you bud.

Long EURAUD target achieved at 1.83000.

Now 25%+ gained. Well done to myself. Proud of it..

UC playing so much on that 1.4 haha!
You smashed it today, I’m up 40% on my main though with XAUUSD mainly break this morning then trailing positions

G' night Ron. Catch you tomorrow. Hopefully I will have decent range/s to trade off..ysssy

So many highs and lows today, happy to have passed without loosing the house! Looking forward to putting lessons into action tomorrow! GPips and goodnight - trade and stay safe...crazy times (virus)

Digitol,
Thank you for you're kind words. You'll be inspiring someone too, just as soon as you learn the jail break system.

Let me break this down for you and everyone else what the jail break system truly is. All the jail break system does is it trades right along with the market maker.

On 8-10 pairs on any given week when the market maker reverses a pair the jail break system reverses right along with him.

After the reversal which can take 2-3 days to really start moving up or down.

Then the pair will move start moving, lets say up. The pair might run up 150-300 pips before it settles in at the 1st level, and then this is when you can really profit.

One can draw you're box, usually between two of its largest candles. Then when the pair drops down below the box you want to be a buyer.

Just the opposite when the pair is moving lower, you wait until the pair is above the box then you want to be a seller.

After the market maker runs out of traders to trap he'll move a pair up or move it down to the 2nd level and game starts again of moving up and down inside the box, and this is when the market maker is trapping. This can last for days.

From the 2nd level usually a pretty big move up or move down what ever case may be to the 3rd level and the market maker will make moves up and down inside the box, and again this could last for days. You just don't know, it's all up to the market maker.

Then on to when its time to reverse, and the reverse could be anywhere from 250-350 pips away. It all depends how many traders the market maker has trapped along the way. A lot of retail traders will try to guess the bottom and jump in and be a buyer or seller, again what ever the cae may be and some will be trapped and this fuels the pair down or up. Very hard to catch the bottom trading forex.

After the reversal the game starts all over again. If you can avoid being trapped you can make a profit. I get trapped all the time, the cure for that is have a big margin where the market maker can't touch you're account.

And that's how this game is played.

Good night Trader Ron.

I am new to this thread and I must say you guys are not only inspirational but generous in your time and the way you all post your positions for others to follow..

A quality that shows that you are good people, I intend to follow this thread and try to learn how you are doing it.. I have down loaded the PDF and read it..

Again thanks to all I do not wish to single one trader as I believe you all contribute.

Hi guys, as you know from my previous post I trade the US indices but seeing how well some of you seem to be smashing the forex market with this system I feel I'd be foolish not to try and get involved! As I currently only trade futures (and don't have a specific fx account) I was wondering if any of you had any experience in trading fx futures and knew the pros and cons of trading them on that basis ? Judging from what I can see, the following currencies are available to trade vs the dollar: Australian Dollar, British Pound, Canadian Dollar, Euro, Japanese Yen, Mexican Peso, Swiss Franc and New Zealand Dollar. I realise from this, of course , that you are limited from trading any cross currency spreads, i.e they all have to be against the dollar. I know that futures are supposed to be a completely open and transparent market (although with the slippage I get sometimes its hard to believe!, which is why you pay commission to a broker rather than them taking a spread but would be very interested if you guys could shed some further light on the subject. It would appear now that margin requirements aren't too large and there are even some micro contracts available which are a tenth of the size of the regular contract. Having never traded them before I'm not sure of liquidity though I will be checking out volumes. Looking forward to hearing from you and great thread once again (and as someone commented a little earlier it's probably the only thread on FF that hasn't been diluted by people slagging each other off!)

Calstock,
Welcome to the thread, and on behalf of everyone in this thread thank you for the kind words.

It's a team effort here. All of us here contribute one way or another to help each other from all over the world.

I don't know how, but this thread has a pulse. We all respect each other here and are driven to trade the best we can to win every trade we can.

It's truly a special place.

USD/JPY 4 hour chart update.

The pair is making it's move back to the 2nd level.

GBP/USD 4 hour chart update.

I'm in at 1.22690

TP 1.23210

XAU/USD 4 hour chart update.

I'm looking for gold to retrace back to the 1490 area.

Where I would be a buyer.

Hi Poker Chip - just trying to understand your level 2 box here, and apologies, I realise that my chart is the mirror image of yours! Is it level 2 because its a continuation from the earlier accumulation that I've marked? Thanks, David

Hey David,
Ha ha its USD/JPY in reverse.
It's the 2nd level because the market maker ran away from all those sellers in that last big red candle in the 1st level.

USD/JPY came up to and established a 2nd level,.

The market maker trapped those traders, not all of them, but some of them.

And right now he has sellers trapped to the left and the market maker is going to push up and away from those sellers and trap them.

This might help you and other traders as well. Try to think of the market maker as a shark.

The shark smells blood in the water (trapped retail traders) and he comes in and runs a pair the wrong direction and unknowing traders jump in and sell when they should be buying.

Right now on the 4 hour chart the market maker 3 red candles (sellers) to the left.

The market maker can't make a profit unless he moves the pair the opposite direction which is up.

So for the next 4-6 hours this pair will move up.

My TP is 107.185

I hope this helped.